Godrej Properties will list its equity shares issued via public issue on the exchanges on January 5, 2010. It has fixed the issue price at Rs 490 per share, at lower end of price band of Rs 490-530.

Jindal Power Ltd, a part of Jindal Steel and Power Ltd (JSPL), today said it plans to raise Rs 7,200 crore from its initial public offer (IPO).

A committee appointed by the Securities and Exchange Board of India (Sebi) today suggested a way to compensate millions of retail investors who were robbed of the opportunity to secure share allotments in 21 companies as a consequence of the infamous IPO scam between 2003 and 2005.

JSW Energy, a part of Sajjan Jindal-led JSW Group, will list its equity shares issued via public issue on January 4, 2010 (The market trading will be started at 9 am from that day). It has fixed its issue price at Rs 100 per share, at lower end of price band of Rs 100-115, due to lukewarm response from retail and non-institutional investors.

It’s called initial public offer, but it was promoters who walked away with a lion’s share in this market during 2009, when they sold shares worth about Rs 20,000 crore in their companies to the public shareholders.

Traders, who have gone short on the JSW Energy issue in the grey market, could find themselves in a spot of bother. Because JSW has fixed the price band of its IPO at Rs 100.

Godrej Industries Ltd has announced that with reference to the Initial Public Offer of 9,429,750 Equity Shares of Rs. 10/- each by Godrej Properties Ltd. (”GPL”), a subsidiary of Godrej Industries Ltd. (”GIL” or the “Company”) (”Issue”), GPL has filed a prospectus dated December 16, 2009 with the Registrar of Companies, Mumbai.

CRISIL assigned a CRISIL IPO Grade 1/5 to the proposed IPO of Radiant Info Systems Ltd (Radiant). This grade indicates that the fundamentals of the IPO are poor relative to the other listed equity securities in India. However, this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy/sell or hold the graded instrument, or a comment on the graded instrument’s future market price or its suitability for a particular investor.

CRISIL has assigned a CRISIL IPO Grade 3/5 to the proposed IPO of Hathway Cables & Datacom Ltd. This grade indicates that the fundamentals of the IPO are average relative to the other listed equity securities in India. However, this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy / sell or hold the graded instrument, or a comment on the graded instrument’s future market price or its suitability for a particular investor.

The SEBI board on Tuesday sat afresh on the NSDL case relating to the IPO scam of 2005 and gave a hearing to the depository on its suspected role in the creation of fictitious demat accounts.

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